Las Vegas Sands Corp. (NYSE:LVS)’s share price gapped up prior to trading on Thursday . The stock had previously closed at $71.48, but opened at $73.04. Las Vegas Sands shares last traded at $76.62, with a volume of 5745552 shares traded.
Several equities analysts have recently commented on the stock. ValuEngine raised shares of Las Vegas Sands from a “hold” rating to a “buy” rating in a report on Friday. Jefferies Group reaffirmed a “hold” rating on shares of Las Vegas Sands in a research note on Thursday, January 25th. Roth Capital upped their price target on shares of Las Vegas Sands from $69.00 to $85.00 and gave the company a “buy” rating in a research note on Thursday, January 25th. Zacks Investment Research downgraded shares of Las Vegas Sands from a “buy” rating to a “hold” rating in a research note on Wednesday, January 10th. Finally, Stifel Nicolaus reaffirmed a “buy” rating and set a $88.00 price target (up previously from $76.00) on shares of Las Vegas Sands in a research note on Thursday, January 25th. Ten equities research analysts have rated the stock with a hold rating and twelve have issued a buy rating to the company. The company currently has an average rating of “Buy” and a consensus price target of $70.54.
The company has a current ratio of 1.09, a quick ratio of 1.07 and a debt-to-equity ratio of 1.22. The firm has a market capitalization of $60,210.00, a PE ratio of 26.55 and a beta of 1.71.
The company also recently disclosed a quarterly dividend, which will be paid on Friday, March 30th. Shareholders of record on Thursday, March 22nd will be given a dividend of $0.75 per share. This is a boost from Las Vegas Sands’s previous quarterly dividend of $0.73. The ex-dividend date is Wednesday, March 21st. This represents a $3.00 dividend on an annualized basis and a yield of 3.92%. Las Vegas Sands’s payout ratio is 101.39%.
A number of hedge funds have recently bought and sold shares of LVS. Truewealth LLC bought a new position in shares of Las Vegas Sands in the fourth quarter worth about $130,000. Bessemer Group Inc. grew its holdings in shares of Las Vegas Sands by 60.5% in the fourth quarter. Bessemer Group Inc. now owns 2,067 shares of the casino operator’s stock worth $144,000 after purchasing an additional 779 shares during the last quarter. San Francisco Sentry Investment Group CA bought a new position in shares of Las Vegas Sands in the third quarter worth about $181,000. Independence Trust CO bought a new position in shares of Las Vegas Sands in the fourth quarter worth about $205,000. Finally, Steward Partners Investment Advisory LLC bought a new position in shares of Las Vegas Sands in the third quarter worth about $198,000. Institutional investors and hedge funds own 38.15% of the company’s stock.
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Las Vegas Sands Company Profile
Las Vegas Sands Corp. is a developer of destination properties (integrated resorts) that feature accommodations, gaming, entertainment and retail, convention and exhibition facilities, celebrity chef restaurants and other amenities. The Company owns and operates integrated resorts in Asia and the United States.
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